Reignited Trump-Musk feud burns Tesla investors, shares of EV company tumble 8%

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....eignited Trump-Musk feud burns Tesla investors, shares of EV company tumble 8%<BR>PTI News<BR>Dated:- 7-7-2025<BR>PTI<BR>New York, Jul 7 (AP) Shares of Tesla tumbled 8% at the opening bell Monday as the feud between CEO Elon Musk and Trump reignited over the weekend. Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spe....

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....nding bill that passed late last week. Musk has been highly critical of the bill, which he said would kill jobs and bog down burgeoning industries. In a social media post on Sunday, Trump said that the billionaire owner of SpaceX, Tesla and X had gone “off the rails” in recent weeks. Investors fear that Musk's companies, which receive significant subsidies from the federal government, coul....

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....d suffer further if his feud with Trump continues to fester. "With the autonomous future ahead and the AI Revolution in full force Musk/Tesla do not need to keep poking the bear as Trump can create more hurdles for Musk/Tesla/SpaceX over the coming years if this political battle gets nastier heading into mid-terms in 2026," Wedbush Securities analyst Dan Ives wrote in a note to clients late Sund....

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....ay. Tesla shares have been extremely volatile since Musk went all-in for Trump in the run-up to last year's election with the company facing a growing backlash as a result of Musk's embrace of right-wing politics and his role in the Trump administration. Shares have plunged in Europe and the US. Industry analysts believe a large part of that slump is being driven by Musk's affiliation with Tru....

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....mp and far-right parties like Germany AfD. But Tesla is facing rising competition globally, particularly in China. Since hitting an all-time high of $479.76 on Dec 17, Tesla shares have lost about 40% of their value. Tesla shares are down about $26 each since Thursday's close, to $289.75. (AP) SCY SCY<BR> News - Press release - PIB....